Soft Skills Training Market Size, Share, Analysis, Trends, Growth, 2032

Soft Skills Training Industry Prospective:

The global soft skills training market size was evaluated at $26 billion in 2023 and is slated to hit $38 billion by the end of 2032 with a CAGR of nearly 6% between 2024 and 2032.

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Soft Skills Training Market: Overview

Soft skills training is a key to improve the interpersonal communication capabilities of an individual. Moreover, it hones professional skills and improves communication, social interaction ability, problem-solving skills, and team handling abilities of an individual. Reportedly, soft skills include personality traits and behaviors vital for professional success. A few of the common soft skills included in the training program are teamwork & collaboration, communication skills, time management & organization, problem-solving & critical thinking, emotional intelligence, and leadership skills.

Key Insights

• As per the analysis shared by our research analyst, the global soft skills training market is projected to expand annually at the annual growth rate of around 6% over the forecast timespan (2024-2032)
• In terms of revenue, the global soft skills training market size was evaluated at nearly $26 billion in 2023 and is expected to reach $38 billion by 2032.
• The global soft skills training market is anticipated to grow rapidly over the forecast timeline owing to growing awareness about the importance of soft skills.
• In terms of skill type, the communication skills segment is slated to register the highest CAGR over the forecast period.
• Based on delivery method, the online training segment is predicted to contribute majorly towards global industry surge in the ensuing years.
• On the basis of end-user, the corporate segment is likely to lead the segmental growth in the coming right years.
• Region-wise, the Asia-Pacific soft skills training industry is projected to register the fastest CAGR during the assessment timespan.

Soft Skills Training Market: Growth Factors

Escalating consciousness pertaining to significance of soft skills training to boost global market trends

Humungous need for skilled persons and globalization have contributed sizably towards the expansion of the global soft skills training market. Apart from this, growing awareness about the importance of soft skills is set to impel the global market surge. Furthermore, easy access to online training tools has facilitated the availability of free soft skills training tutorials from experts online, thereby providing a strong base for soft skills training activities growth.

Additionally, the globalization of the economy resulting in the need for effective communications will spur the growth of the market globally. Rapid shift towards remote & hybrid work prototypes is likely to augment the market surge globally in the years ahead.

Soft Skills Training Market: Restraints

Lesser returns on investments from soft skills training can retard the global industry expansion

Lack of awareness about soft skills training activities and issues related to the measurement of ROI from soft skills training can impede the growth of the global soft skills training industry. Apart from this, time & resource constraints and resistance to change can halt the expansion of the global industry.  

Soft Skills Training Market: Opportunities

Launching of new education tools to unravel new growth horizons for the global market

Need for personalized learning and preference for online learning have unleashed new growth landscapes for the global soft skills training market. In addition, the use of new technologies, including virtual reality and augmented reality, is likely to boost the global market expansion. High focus on development of management & leadership skills in a firm will craft a favorable roadmap for the global market.

Soft Skills Training Market: Challenges

Scarce access to professionals can downsize the progress of the industry across the globe

Less availability of expert trainers and massive costs of training programs can challenge the growth of the global soft skills training industry. Additionally, strict laws restraining implementation of training modules can inhibit the growth of the industry globally.  

Soft Skills Training Market: Report Scope

Soft Skills Training Market: Segmentation

The global soft skills training market is divided into skill type, delivery method, end-user, and region.                              

In terms of skill type, the soft skills training market across the globe is segregated into communication skills, time management & organization, interpersonal skills, leadership skills, and problem-solving & critical thinking segments. The communication skills segment, which accrued nearly two-fifths of the global market earnings in 2023, is predicted to register the fastest CAGR from 2024 to 2032, subject to a rise in the demand for communication skills training in various firms for training employees for different roles ranging from customer service executives to back office personnel.  

Based on delivery method, the global soft skills training industry is sectored into online training, instructor-led training, and blended learning segments. Furthermore, the online training segment, which contributed massively towards the global industry proceeds in 2023, is set to lead the global industry in the next few years and this can be attributed to cost-efficiency, accessibility, flexibility, and scalability.

On the basis of end-user, the soft skills training market across the globe is divided into corporate, government, education, and healthcare segments. Moreover, the corporate segment, which led the segmental sphere in 2023, is anticipated to continue segmental growth even in the foreseeable future. In addition, a humungous focus on employee growth and the need to enhance employee productivity will prop up the segmental surge. Necessity of cultivating a workforce with robust soft skills will boost the growth of the segment in the current business space.

Soft Skills Training Market: Regional Insights

North America is expected to maintain a key position in the global market over the assessment period

North America, which accounted for approximately 63% of the global soft skills training market size in 2023, is expected to lead the global market during the forecasting timeline.

Moreover, the regional market progression in the next seven years can be credited to a high focus of the firms on the professional growth of their staff in countries such as the U.S. In addition to this, technological innovations in training & education along with high focus on AI-driven learning tools as well as launching of new training modes will spur the regional market trends.

The Asia-Pacific soft skills training industry is set to record the highest CAGR in the predicted timeline. The swift progress of the industry in the region can be ascribed to swift economic development along with the presence of a huge workforce requiring soft skills training in countries such as China and India.

Moreover, the government of India has made soft skills one of the subjects to be taught in colleges, and this is likely to augment the regional industry growth. Apparently, a rise in the fund allocation for education & training will spearhead the expansion of the industry in the region.

Soft Skills Training Market: Competitive Space

The global soft skills training market profiles key players such as:

• Cornerstone OnDemand
• Dale Carnegie Training India
• Edoxi Training Institute
• LinkedIn Learning
• Indian School of Business
• Udemy
• NIIT Limited
• Mentora India
• The Yellow Spot
• FranklinCovey
• Indian Institute of Management
• TrainSMART INC.
• FutureLeaders
• Coursera
• Ken Blanchard Companies
• Talent Sapphire Pvt. Ltd.

The global soft skills training market is segmented as follows:

By Skill Type

• Communication Skills
• Interpersonal Skills
• Time Management & Organization
• Leadership Skills
• Problem-Solving & Critical Thinking

By Delivery Method

• Online Training
• Instructor-led Training
• Blended Learning

By End-User  

• Corporate
• Government
• Education
• Healthcare

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa